| | | | | | | A consolidated range has emerged in the USD/MXN the past week. | | | | | | While the US and Brazil exceeded 5,000,000 and 3,000,000 Covid-19 infections over the weekend, India crossed the 2,000,000 level. | | | | | | This weekend, Brazil crossed the 3,000,000 level when it comes to Covid-19 infections, and Latin America's largest economy registered over 100,000 casualties. | | | | | | Short term correlations with gold and the USD/ZAR can be disastrous sometimes, a dynamic bullish trend has erupted in the forex pair which has left many speculators chasing bearish momentum feeling beaten up. | | | | | | Last week oil markets ended the week in the negative territory mainly due to concerns for a fall in demand, now there are fears that the current economic recovery could be affected by a second wave of the coronavirus. | | | | |
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